Buy above 1.3585. Stop loss at 1.3463. Take profit at 1.3788.
Reason for the trading strategy (technically):
GBPUSD is testing its support at 1.3585 (50% Fibonacci retracement, 61.8% Fibonacci retracement, horizontal overlap support) where we expect to see a bounce, causing price to rise to its resistance at 1.3788 (61.8% Fibonacci extension, 23.6% Fibonacci retracement, horizontal pullback resistance)
Stochastic (89, 5, 3) is at support where we expect to see a corresponding bounce.
Reason for the trading strategy (technically):
GBPUSD is testing its support at 1.3585 (50% Fibonacci retracement, 61.8% Fibonacci retracement, horizontal overlap support) where we expect to see a bounce, causing price to rise to its resistance at 1.3788 (61.8% Fibonacci extension, 23.6% Fibonacci retracement, horizontal pullback resistance)
Stochastic (89, 5, 3) is at support where we expect to see a corresponding bounce.